Scurlock Foundation — Form 990PF, tax year 2021

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Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Scurlock Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)2229 San Felipe 1400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77019
A Employer identification number

74-1488953
B Telephone number (see instructions)

(713) 236-1500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$43,637,792J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 22,296 22,296  
4 Dividends and interest from securities... 262,306 262,306  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,836,139
b Gross sales price for all assets on line 6a 7,580,949
7 Capital gain net income (from Part IV, line 2)... 2,805,668
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,187,912 1,145,295  
12 Total. Add lines 1 through 11........ 4,308,653 4,235,565  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 109,460 37,668   71,149
14 Other employee salaries and wages...... 46,140 22,683   23,070
15 Pension plans, employee benefits....... 19,635 7,616   11,889
16a Legal fees (attach schedule)......... Click to see attachment 1,200 1,200   0
b Accounting fees (attach schedule)....... Click to see attachment 6,910 2,455   3,455
c Other professional fees (attach schedule).... Click to see attachment 88,191 86,710   0
17 Interest............... 55 55   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 56,840 16,957   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 118,627 36,741   81,259
21 Travel, conferences, and meetings....... 2,002 620   1,371
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 255,229 114,844   136,255
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 704,289 327,549   328,448
25 Contributions, gifts, grants paid....... 1,631,567 1,631,567
26 Total expenses and disbursements. Add lines 24 and 25 2,335,856 327,549   1,960,015
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,972,797
b Net investment income (if negative, enter -0-) 3,908,016
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,017,039 3,695,894 3,695,894
3 Accounts receivable bullet128
Less: allowance for doubtful accounts bullet   340,598 128 128
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,567    
10a Investments—U.S. and state government obligations (attach schedule) 79,766 Click to see attachment81,686 81,686
b Investments—corporate stock (attach schedule)....... 16,138,282 Click to see attachment17,657,074 17,657,074
c Investments—corporate bonds (attach schedule)....... 384,735 Click to see attachment1,055,305 1,055,305
11 Investments—land, buildings, and equipment: basis bullet1,217,440
Less: accumulated depreciation (attach schedule) bullet1,199,279 26,753 Click to see attachment18,161 453,937
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 18,524,934 Click to see attachment20,693,771 20,693,768
14 Land, buildings, and equipment: basis bullet12,717
Less: accumulated depreciation (attach schedule) bullet12,717      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,516,674 43,202,019 43,637,792
Liabilities 17 Accounts payable and accrued expenses.......... 21,455 18,140
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 21,455 18,140
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 34,548,881 34,548,881
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 2,946,338 8,634,998
29 Total net assets or fund balances (see instructions)..... 37,495,219 43,183,879
30 Total liabilities and net assets/fund balances (see instructions). 37,516,674 43,202,019
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
37,495,219
2
Enter amount from Part I, line 27a .....................
2
1,972,797
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,715,863
4
Add lines 1, 2, and 3 ..........................
4
43,183,879
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,183,879
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Distributions in excess of basis P    
c Settlement proceeds P    
d K-1 capital gain P    
e 2 Lots - Harris County P 2011-11-11 2021-12-20
MidOcean III Private Investors Offshore, L.P. P 2011-11-11 2021-11-30
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,952,115   4,705,186 1,246,929
b 136,973     136,973
c 35,354     35,354
d 1,247,699     1,247,699
e 92,170   26,059 66,111
86,167   13,565 72,602
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,246,929
b       136,973
c       35,354
d       1,247,699
e       66,111
      72,602
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,805,668
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 54,321
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 54,321
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 24,481
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 37,481
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 16,840
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.scurlockfoundation.org
    14
    The books are in care ofbulletJack S Blanton Jr Telephone no.bullet (713) 236-1500

    Located atbullet2229 San Felipe Ste 1400HoustonTX ZIP+4bullet77019
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Elizabeth Wareing Pres/Asst. Sec.
    2.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Jack Blanton Jr VP/Asst. Sec.
    2.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Eddy Blanton VP/Sec.
    2.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Licia Cosgrove Treas/Asst. Sec
    8.00     		56,460 4,176 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Kathy Munger Executive Dir
    33.00     		53,000 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Julie Wareing Aldrich Director
    1.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Elizabeth Blanton Director
    1.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Jackson Blanton Director
    1.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    Laura W Wheless Director
    1.00     		0 0 0
    2229 San Felipe Ste 1400
    Houston,TX77019
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Fidelity Brokerage Services LLC Investment mgmt 72,298
    PO Box 28019
    Albuquerque,NM87125
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    16,443,175
    b
    Average of monthly cash balances.......................
    1b
    3,879,245
    c
    Fair market value of all other assets (see instructions)................
    1c
    21,859,054
    d
    Total (add lines 1a, b, and c).........................
    1d
    42,181,474
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    42,181,474
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    632,722
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    41,548,752
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,077,438
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    2,077,438
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    54,321
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    8,243
    c
    Add lines 2a and 2b............................
    2c
    62,564
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,014,874
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,014,874
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,014,874
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,014,874
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 493,069
    b From 2017...... 321,056
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 814,125
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,960,015
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,960,015
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 54,859 54,859
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 759,266
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		438,210
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		321,056
    10 Analysis of line 9:
    a Excess from 2017.... 321,056
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AD Players
    2710 W Alabama
    Houston,TX77098     		N/A PC General support 5,000
    Agape Development Ministries
    6311 Allegheny
    Houston,TX77021     		N/A PC Capital project and general support 66,000
    Amazing PlaceSeniors Place
    3735 Drexel
    Houston,TX77027     		N/A PC General support in honor of Lisa & George Francisco and capital project 34,333
    Anglican Diocese of the Western GC
    3333 S Panther Creek Dr
    The Woodlands,TX77381     		N/A PC Mobile Church Trailer 40,000
    Arms Wide Adoption Agency
    500 N Water Street
    Corpus Chrisit,TX78401     		N/A PC Luncheon 500
    BIG Love Cancer Care Services
    P O Box 90818
    Austin,TX78709     		N/A PC General support 10,000
    Biblica Bible Translation
    1820 Jet Stream Drive
    Colorado Springs,CO80921     		N/A PC General support 10,000
    Breakthrough Houston
    2401 Claremont Ln
    Houston,TX77019     		N/A PC General support 7,500
    Brookwood Community
    2401 Claremont Ln
    Houston,TX77019     		N/A PC General support and Transforming Lives campaign 50,000
    Buffalo Bayou Partnership
    1113 Vine St Suite 200
    Houston,TX77002     		N/A PC General support 2,500
    Camp for All Foundation
    10500 NW Freeway Suite 145
    Houston,TX77092     		N/A PC General support 12,500
    Campus Crusade for Christ Inc
    100 Lake Hart Drive
    Orlando,FL32832     		N/A PC General support 4,000
    CanCare of Houston Inc
    9575 Katy Freeway 428
    Houston,TX77024     		N/A PC General support 10,000
    Candlelighters Childhood Cancer Family Alliance
    8323 Southwest Freeway Ste 435
    Houston,TX77074     		N/A PC General support in honor of Lisa O'Leary 20,000
    Center for Urban Transformation
    4300 Lyons Ave 300
    Houston,TX77020     		N/A PC General support 5,000
    Christian Community Service Center
    P O Box 27924
    Houston,TX77227     		N/A PC Capital project 20,000
    Christus Foundation for Healthcare
    P O Box 1919
    Houston,TX77251     		N/A PC Two mobile healthcare units 25,000
    Clayton Dabney for Kids with Cancer
    5340 Weslayan 6784
    Houston,TX77005     		N/A PC General support 10,000
    Collaborative for Children
    1111 North Loop West Ste 600
    Houston,TX77008     		N/A PC Centers of Excellence operating 5,000
    Connect Community
    6700B Bellaire Blvd
    Houston,TX77074     		N/A PC Luncheon 1,000
    Contemporary Arts Museum
    5216 Montrose Blvd
    Houston,TX770066598     		N/A PC General support 1,000
    Diaper Foundation
    4405 La Branch
    Houston,TX77004     		N/A PC General support 10,000
    Feeding America
    161 North Clark Street Ste 700
    Chicago,IL60601     		N/A PC General support in honor of Peter Zeihan 1,000
    Fostering Family
    P O Box 920545
    Houston,TX77292     		N/A PC General support 25,000
    Fuqua School
    P O Box 328
    Farmville,VA23901     		N/A PC General support 10,000
    Galveston Bay Foundation
    17330-A Highway 3
    Webster,TX77598     		N/A PC General support 1,000
    Garden Club of Houston
    2450 River Oaks Blvd
    Houston,TX77027     		N/A PC Bulb Plant Mart 500
    Gathering of Men
    8300 Katy Frwy
    Houston,TX77024     		N/A PC Discipleship Director funds and general support 15,000
    Glenwood Cemetery Historic Fdn
    2525 Washington Ave
    Houston,TX77007     		N/A PC Captial campaign 20,000
    Greater Houston Community Foundation
    4550 Post Oak Place Suite 100
    Houston,TX77027     		N/A PC General support 1,300
    Heart of Texas Foundation
    25 W Glenn St
    Bellville,TX77418     		N/A PC Heart of TX prison ministry 25,000
    Hermann Park Conservancy
    6201 A Golf Course Drive
    Houston,TX77030     		N/A PC Capital contribution 50,000
    Hope Heals Camp
    4279 Roswell NE
    Atlanta,GA30342     		N/A PC General support 5,000
    Houston Ballet Foundation
    1921 W Bell
    Houston,TX77019     		N/A PC General support 22,000
    Houston Botanic Garden
    1 Botanic Lane
    Houston,TX77017     		N/A PC Art in the Garden and general support 11,000
    Houston Habitat for Humanity
    3750 N McCarty
    Houston,TX77029     		N/A PC General support 10,000
    Houston Haven
    5107 Beech
    Bellaire,TX77401     		N/A PC General support 12,000
    Houston Hospice & Palliative Care System
    8811 Gaylord Ste 100
    Houston,TX77024     		N/A PC General support 5,000
    Houston Methodist
    1701 Sunset Blvd
    Houston,TX77005     		N/A PC Leading Society of Medicine, translation research, Blanton Eye Institute, nurse meals, and general support 134,700
    Houston Museum of Natural Science
    One Hermann Circle Dr
    Houston,TX77030     		N/A PC General support 2,500
    Houston Symphony
    615 Louisiana Street Suite 102
    Houston,TX77002     		N/A PC General support 1,000
    Houston Zoo Inc
    P O Box 4759
    Houston,TX772109862     		N/A PC Centennial Capital Campaign for Houston local zoo 20,000
    Humanities Texas
    1410 Rio Grande St
    Austin,TX78701     		N/A PC General support 15,000
    Immunization Partnership
    P O Box 1985
    League City,TX775741985     		N/A PC General support in honor of Carter and John Dugan 5,000
    Julie Rogers Gift of Life Program
    2390 Dowlen Rd
    Beaumont,TX77706     		N/A PC General support 5,000
    KIPP Texas Public Schools
    10711 KIPP Way
    Houston,TX77099     		N/A PC General support 5,000
    LeBonheur Children's Hospital
    5430 Normandy Ave
    Memphis,TN38120     		N/A PC General support in memory of Alan Foster 2,500
    Lifehouse of Houston
    701 N Post Oak Rd Ste G-2
    Houston,TX77024     		N/A PC General support 10,000
    Lone Star Flight Museum
    11551 Aerospace Ave
    Houston,TX77034     		N/A PC Student field trips 10,000
    Lord of the Streets
    3401 Fannin St
    Houston,TX77004     		N/A PC General support 5,000
    Loving Houston Inc
    2916 W TC Jester Ste 200
    Houston,TX77018     		N/A PC General support 5,000
    Main Street Ministries
    5100 Travis Street
    Houston,TX77002     		N/A PC General support 1,000
    Main Street Theater
    2540 Times Blvd
    Houston,TX77005     		N/A PC General support 1,000
    March of Dimes
    3000 Weslayan Ste 100
    Houston,TX77027     		N/A PC Best Dressed Luncheon 500
    Mexico Medical Missions
    4001 County Rd 114
    Glenwood Springs,CO81601     		N/A PC General support 20,000
    Momentum Education
    5110 Pine Street
    Houston,TX77401     		N/A PC Leadership Academy 10,000
    Museum of Fine Arts Houston
    P O Box 6826
    Houston,TX772656826     		N/A PC General support 2,000
    New Faith Church
    4315 W Fuqua St
    Houston,TX77045     		N/A PC General support 5,000
    Phi Beta Kappa Alumni of Greater Houston
    P O Box 25283
    Houston,TX77265     		N/A PC General support 3,500
    Prayer for the People
    110 N Friendswood Drive
    Friendswood,TX77546     		N/A PC General support 5,000
    Prison Entrepreneurship Program
    6501 Navigation Blvd Ste H7
    Houston,TX77011     		N/A PC General support 2,000
    Revivalist Culture
    5931 Heron Dr
    Buda,TX78610     		N/A PC General support 2,500
    Rice University - School of Management
    PO Box 2932 - MS531
    Houston,TX772522932     		N/A PC Jones School 25,000
    River Oaks Baptist School
    2300 Willowick
    Houston,TX77027     		N/A PC Build a new middle school facility for grades 5-8 100,000
    Salvation Army
    1500 Austin St
    Houston,TX77002     		N/A PC Multipurpose Distribution Center, Boy's & Girl's Club, and general support 59,800
    Samaritan's Purse
    P O Box 3000
    Boone,NC28607     		N/A PC General support 10,000
    Serenity Retreat for Healing
    953 Memory Lane
    Bellville,TX77418     		N/A PC General support 30,000
    St John Divine Episcopal Church
    2450 River Oaks Blvd
    Houston,TX77027     		N/A PC Rev. Cocke discretionary fund 10,000
    St John's School
    2401 Claremont Ln
    Houston,TX77019     		N/A PC General support 12,500
    St Luke's United Methodist Church
    P O Box 22013
    Houston,TX772272013     		N/A PC General support 15,000
    St Paul's Day School
    5501 Main Street
    Houston,TX77004     		N/A PC General support 10,000
    Stages Repertory Theatre
    800 Rosine Street
    Houston,TX77019     		N/A PC General support in honor of Owsleys 5,000
    Star of Hope Mission
    2575 Reed Rd
    Houston,TX77051     		N/A PC General support 5,000
    Summer Steet Church
    4 Trotters Lane
    Nantucket,MA02554     		N/A PC General support 5,000
    Teach for America
    4669 Southwest Freeway Ste 600
    Houston,TX77027     		N/A PC General support 5,000
    Texas Hearing Institute
    3636 West Dallas
    Houston,TX77019     		N/A PC General support 5,000
    The Barbara Bush Houston Literacy Fdn
    7887 San Felipe 250
    Houston,TX77063     		N/A PC General support 15,000
    The Forge for Families Inc
    3150 Yellowstone Blvd
    Houston,TX77054     		N/A PC Maggie Smith building and general support 15,000
    The John Fairey Garden Conservation Fdn
    20559 FM Road
    Hempstead,TX77445     		N/A PC General support 1,100
    The University of Texas Foundation Inc
    1 University Station D1303
    Austin,TX78712     		N/A GOV Blanton Museum, Tennis Center, College of Liberal Arts, garden beautification, and general support 177,500
    The University of Texas MD Anderson Cancer Center
    1020 Holcombe Blvd Suite 1201
    Houston,TX77030     		N/A GOV Leaukemia Department research grant and general support 116,000
    The WorkFaith Connection
    5100 Travis St
    Houston,TX77002     		N/A PC General support 5,000
    University of St Thomas
    3800 Montrose Blvd
    Houston,TX77006     		N/A PC General support 1,000
    Virginia Children's Book Festival
    104 High Street
    Farmville,VA23901     		N/A PC General support 10,000
    Wiley College
    711 Wiley Ave
    Marshall,TX75670     		N/A PC General support 4,000
    Williams College
    880 Main St Hopkins Hall
    Williamstown,MA01267     		N/A PC Blanton Family scholarship fund and Alumni fund 15,000
    Yellowstone Academy - Foundation for Tomorrow
    2260 W Holcombe Blvd 443
    Houston,TX77029     		N/A PC Yellowstone College Prep capital project, Neuhaus teacher training, and general support 113,334
    Young Audiences
    675 Bering Dr Ste 300
    Houston,TX770572268     		N/A PC General support 5,000
    Young Life Greater Houston Region
    900 Town Country Ste 302
    Houston,TX77024     		N/A PC General support 5,000
    Young Life-Houston Southwest
    1931 Lexington
    Houston,TX77098     		N/A PC General support 10,000
    Zina Garrison All Court Tennis Foundation
    12335 Kingside No 106
    Houston,TX77024     		N/A PC General support 5,000
    Total .................................bullet 3a 1,631,567
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 22,296  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 30,471 18 2,805,668  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aForeign dividends     		    14 731,418  
    bOil and gas royalties     15 285,239  
    cPassthrough K-1 income 525990 41,872 14 129,383  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 72,343 4,236,310 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,308,653
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax compliance 6,910 2,455   3,455

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065)   Purchased     30,310   Cost 0 30,310  
    IRC Sec 751 gain   Purchased     161   Cost 0 161  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Name of Bond End of Year Book Value End of Year Fair Market Value
    9,000 Air Lease Corp Perpetual Bond 9,326 9,326
    9,000 Ally Financial 11/20/25 10,155 10,155
    75,000 Ally Financial 6/2/2021 77,310 77,310
    15,000 Ally Financial Inc. Perpetual Bond 15,509 15,509
    5,000 American Intl Group Inc. Bond 5/15/68 7,338 7,338
    8,000 AON Corp 5/15/30 8,253 8,253
    7,000 Bank of America Ser N7/23/30 7,389 7,389
    150,000 Bank of America 3/15/2018 166,875 166,875
    9,000 Boeing 5/1/30 10,496 10,496
    7,000 BP Cap Mkts PLC Note Perpetual Bond 7,507 7,507
    75,000 Capital One Financial 6/10/2021 75,375 75,375
    9,000 Cenovus Energy Inc. 4/15/29 9,966 9,966
    9,000 Centene Corp 12/15/29 9,706 9,706
    125,000 Charles Schwab Corp 10/31/2016 124,913 124,913
    75,000 Charles Schwab Corp 2/11/2020 75,750 75,750
    10,000 Charter Communication 4/1/31 9,893 9,893
    9,000 Cheniere Energy 10/15/28 9,518 9,518
    9,000 Citigroup Inc. 7/25/28 9,884 9,884
    15,000 Citigroup Inc. Perpetual Bond 15,113 15,113
    8,000 DCP Midstream Perpetual Bond 7,900 7,900
    11,000 Edison Intl - Perpetual Bond 11,524 11,524
    7,000 Enbridge Inc. MTN CDS - Ser 2020-A 7/15/80 7,770 7,770
    14,000 Energy Transfer LP Bond - Perpetual Bond 14,123 14,123
    10,000 Energy Transfer LP Perpetual Bond 10,000 10,000
    10,000 Enlink Midstream Partners 7,988 7,988
    10,000 EQT Cpr[ 10/1/27 10,738 10,738
    14,000 General Mtrs Financial - Perpetual Bond 15,960 15,960
    8,000 Goldman Sachs Group Inc. - Perpetual Bond 8,132 8,132
    9,000 HCA Inc. Note Call 9/01/28 10,516 10,516
    13,000 Huntington Bancshare Inc. 14,836 14,836
    75,000 JPMorgan Chase & Co 5/12/2021 74,813 74,813
    9,000 Kirby Corp Note Call 3/1/28 9,697 9,697
    10,000 Main Street Cap Corp note 7/14/26 10,034 10,034
    8,000 Metlife Inc. Bond 8/1/69 13,502 13,502
    9,000 Mosaic Co. 11/15/27 9,938 9,938
    9,000 MPLX LP - Perpetual Bond 9,022 9,022
    9,000 Netflix Inc. SER B Note 4/15/28 10,260 10,260
    7,000 Olin Corp 8/1/29 7,581 7,581
    10,000 Omega Healthcare Invs Inc 2/1/31 10,083 10,083
    7,000 Partnerre Finance B LLC Note 10/1/50 7,372 7,372
    8,000 Schwab Charles - Perpetual Bond 8,080 8,080
    9,000 Southwest Airlines note - 6/15/27 10,295 10,295
    8,000 Spring Cap Corp 11/15/28 10,120 10,120
    8,000 SVB Financial Group - Perpetual Bond 8,230 8,230
    3,000 Tapestry Inc. 7/15/24 3,243 3,243
    9,000 Targa Res Partners 3/1/30 9,832 9,832
    9,000 Teck Resources Ltd ser B 7/15/30 9,679 9,679
    7,000 Truist Financial Corp - Perpetual Bond 7,510 7,510
    11,000 United Airlines 2020-1B SER - ABS 10,285 10,285
    13,000 Vodafone group PLC 4/4/79 15,728 15,728
    10,000 Well Fargo Ser Q MTN 10/30/30 10,406 10,406
    9,000 Western Digital Corp note 2/16/26 9,832 9,832

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Name of Stock End of Year Book Value End of Year Fair Market Value
    761 Abbott Laboratories 107,103 107,103
    249 Accenture PLC Cls A 103,223 103,223
    1,392 Adaptive Biotechnologies Corp 39,060 39,060
    122 Adobe Systems Inc. 69,181 69,181
    88 Advance Auto Parts 21,109 21,109
    183 AGNC Invt Corp PFD 4,698 4,698
    183 Alexandria Real Estate Equities 40,802 40,802
    96 Alphabet Inc Cap Stk CL A 278,116 278,116
    66 Amazon.com Inc 220,067 220,067
    134 American Tower Corp New com 39,195 39,195
    154 American Water Works Co 29,084 29,084
    370 Ameriprise Financial 111,614 111,614
    623 Ametek 91,606 91,606
    1,170 Amplify Energy Corp 3,639 3,639
    184 Annaly Capital Management PFD 4,880 4,880
    145 Anthem Inc. 67,213 67,213
    190 Apollo Global Mgmt Inc. 13,762 13,762
    1,769 Apple Inc 314,121 314,121
    247 Applied Materials Inc. 38,868 38,868
    589 AT&T Inc PFD 15,467 15,467
    10,000 AT&T Inc. 246,000 246,000
    6,689 Athene Holding LTD 557,394 557,394
    4,991 Athene Holding LTD Class A 415,900 415,900
    1,046 Avaya Holdings Cor[ 20,711 20,711
    310 Avery Dennison Corp 67,137 67,137
    281 Axos Financial Inc 15,711 15,711
    387 Ball Corp 37,256 37,256
    2,148 Bank of America 95,565 95,565
    10 Bank of America Pfd 14,454 14,454
    146 Becton Dickinson & Co 36,716 36,716
    355 Berkshire Hathaway Inc 106,145 106,145
    180 Bio-Techne Corp 93,121 93,121
    428 BJS WHSL Club 28,663 28,663
    1,227 Boston Scientific 52,123 52,123
    518 Brigham Minerals Inc. 10,925 10,925
    583 Bristol Meyers Squibb 36,350 36,350
    157 Broadcom Inc 104,469 104,469
    1,480 Brookfield Asset Management Inc. 89,362 89,362
    1,365 Burford Capital LTD 14,414 14,414
    657 C H Robinson Worldwide Inc 70,713 70,713
    133 Caesars Entertainment 12,439 12,439
    1,706 Cal Maine Foods Inc 63,105 63,105
    142 Canadian Natl RY Co 17,446 17,446
    532 Canadian Pacific Railway Co 38,272 38,272
    583 Capital One PFD 15,170 15,170
    643 Cargurus Inc. 21,631 21,631
    79 Carlisle Companies, Inc. 19,601 19,601
    443 Catalent Inc. 56,717 56,717
    51 Cavco Industries 16,200 16,200
    150 Celsius Holdings, Inc 11,186 11,186
    269 Chart Indutries Inc 42,903 42,903
    497 Chesapeake Energy 32,066 32,066
    375 Chubb Limited Co 72,491 72,491
    284 Cigna Copr 65,215 65,215
    232 Cogent Communications 16,978 16,978
    1,529 Comcast Corp 76,955 76,955
    88 Consensus Cloud Solutions 5,093 5,093
    319 Continental res Inc 14,278 14,278
    829 Core & Main Inc. 25,152 25,152
    276 Corecard Corp 10,709 10,709
    155 Costar Group Inc. 12,250 12,250
    136 Costco 77,207 77,207
    276 Cumins Inc. 60,207 60,207
    507 Darling Ingredients Inc. 35,130 35,130
    666 Discover Financial Services 76,963 76,963
    585 Disney Walt Co 90,610 90,610
    171 Dollar General 40,327 40,327
    1,662 Element Solutions Inc. 40,353 40,353
    760 Emerson Electric Co 70,657 70,657
    343 Enbridge Inc. PFD 7,464 7,464
    129 Essilorluzottica Eur 27,468 27,468
    154 Estee Lauder Companies 57,011 57,011
    473 Fidelity National Information Services 51,628 51,628
    577 First Advantage Corp 10,986 10,986
    102 First Service Corp 20,040 20,040
    78 Fleetcor Technologies Inc Com 17,460 17,460
    314 Focus Financial Partners 18,752 18,752
    94 Forward Air Corp 11,382 11,382
    233 Franchise Group Inc. 12,153 12,153
    952 General Motors Co Com 55,816 55,816
    1,004 Gilead Sciences Inc 72,900 72,900
    301 Global X FDS US PFD ETF 7,754 7,754
    113 Goldman Sachs Group Inc 43,228 43,228
    49 Grupo Aeroportuario Del Surest ADR 10,102 10,102
    302 Guardant Health 30,206 30,206
    537 Hayward Holdings Inc. 14,086 14,086
    594 Home Bancshares Inc. 14,464 14,464
    232 Home Depot Inc 96,282 96,282
    452 Honeywell Intl Inc 94,247 94,247
    54 Icon Plc Shs 16,724 16,724
    218 Inmode Ltd. 15,386 15,386
    183 Innovative INDL PPTYS Inc. 48,113 48,113
    582 Intercontinental Exchange Inc 79,600 79,600
    589 International MNY Express 9,400 9,400
    1,400 Invesco exchange traded FD TR II SR 30,940 30,940
    5,890 Ishares Core S&P Midcap ETF 1,667,341 1,667,341
    13,320 Ishares MSCI EAFE Index Fund 1,048,018 1,048,018
    6,855 Ishares Russell 2000 ETF 1,524,895 1,524,895
    1,083 Ishares TR MBS ETF 116,347 116,347
    511 Janus Detroit STR TR Henderson MTG 26,919 26,919
    867 JPMorgan Chase & Co 137,290 137,290
    13,075 JPMorgan Chase & Co PFD 334,013 334,013
    60,000 Kayne Anderson Energy Infrastr 467,400 467,400
    10,000 Kinder Morgan Inc. 158,600 158,600
    272 La Francaise Des Jeu X Euro 12,045 12,045
    154 Lam Research Corp 110,749 110,749
    135 Landstar Systems Inc. 24,168 24,168
    103 LGI Homes Inc. 15,911 15,911
    285 Linde PLC Com Euro 98,733 98,733
    29 Lithia MTRS Inc 8,612 8,612
    456 LKQ Corp 27,374 27,374
    2,093 Magnolia Oil & Gas Corp 39,495 39,495
    607 Marriott International Inc 100,301 100,301
    68 Medifast 14,241 14,241
    854 Merck & Co Inc 65,451 65,451
    986 Microchip Technology Inc 85,841 85,841
    1,032 Microsoft Corp 347,082 347,082
    2,737 Mirion Technologies Inc. 28,656 28,656
    1,487 Mitek Systems Inc. 26,394 26,394
    254 Nestle SA CHFO 34,732 34,732
    509 Nextera Energy 47,520 47,520
    362 Norfolk Southern Corp 107,771 107,771
    304 Nvidia Corp 89,409 89,409
    238 Oasis Petroleum 29,986 29,986
    541 Ooma Inc 11,058 11,058
    70 Oreilly Automotive Inc 49,436 49,436
    357 Paypal Holdings Inc. 67,323 67,323
    218 Pegasystems Inc. 24,377 24,377
    609 Pepsico Inc 105,790 105,790
    929 Pershing Square Tontine Holdings Com 18,320 18,320
    1,460 Phillips 66 105,791 105,791
    430 Price T Rowe Group Inc 84,555 84,555
    436 Progress Software 21,046 21,046
    218 Prologis, Inc 36,702 36,702
    297 Prosperity Bancshares 21,473 21,473
    15,435 Real Estate Select Sector SPDR Fund 799,687 799,687
    611 Regions Financial Corp PFD 15,519 15,519
    3,930 Rimini STR Inc. 23,462 23,462
    66 S&P Global Inc. 31,147 31,147
    140 SalesForce Inc. 35,578 35,578
    190 Semler Scientific Inc 17,413 17,413
    50 Silvergate Cap Corp 7,410 7,410
    154 Silvergate Cap Corp PFD 3,858 3,858
    5,240 SPDR S&P Trust 2,488,790 2,488,790
    89 SPDR Ser Tr S&P Biotech ETF 9,964 9,964
    474 Star Group LP 5,105 5,105
    1,257 Suncor Energy Inc. 31,463 31,463
    131 Teleflex Inc. 43,031 43,031
    316 Terdata Corp 13,421 13,421
    389 Texas Instruments Inc 73,315 73,315
    112 Thermo Fisher Scientific 74,731 74,731
    205 Tradeweb Mkts Inc. 20,529 20,529
    312 Trane Technologies 63,033 63,033
    365 Turning PT Brands Inc. 13,790 13,790
    1,260 Twitter 54,457 54,457
    75 United Health Group Inc. 37,660 37,660
    168 Unitedhealth Group 84,360 84,360
    619 US Bancorp del Dep PFD 14,831 14,831
    1,806 Vertiv Holdings Com 45,096 45,096
    428 Vinci Er2.50 45,221 45,221
    464 Visa Inc 100,553 100,553
    734 Vizio Holdings Corp 14,262 14,262
    2,055 Vontier Corp 63,150 63,150
    10 Wabtec Corp 921 921
    258 Waste Management Inc. 43,060 43,060
    323 Webster Financial Corp 18,035 18,035
    5,275 Wells Fargo & Co PFD 131,453 131,453
    1,753 Wells Fargo Co 84,109 84,109
    10 Wells Fargo Co PFD CNV A 14,905 14,905
    578 Wells Fargo Co PFD SR Z 14,947 14,947
    373 Wesco Intl Inc. Depoitary SHS 11,432 11,432
    5,453 WTS Amplify Energy - Warrant 05/04/2022 104 104
    264 Ziff Davis Inc. 29,267 29,267

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    US Government Securities - End of Year Book Value:

    81,686
    US Government Securities - End of Year Fair Market Value:

    81,686
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsLandSchedule2
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Fee Lands 18,161 0 18,161 41,829
    Mineral interests Oil & Gas Interests 1,199,279 1,199,279 0 412,108

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AESSF III Private Investors Offshore, L.P. FMV 341,505 341,504
    AP IX (APAX) Private Inv Offshore LP FMV 904,777 904,777
    AP VIII Private Investors Offshore (USD), L.P. FMV 234,236 234,235
    ASP 2021 Global Fund Private Investors Offshore SICAV-RAIF S.C.Sp. FMV 41,303 41,303
    BREP VII Private Investors Offshore, L.P. FMV 206,846 206,846
    BSREP II Private Investors Offshore, L.P. FMV 445,900 445,899
    CAP II Private Investors Offshore, L.P. FMV 1,510 1,510
    CAP IV Private Investors Offshore, L.P. FMV 168,894 168,894
    CCMP III Private Investors Offshore, L.P. FMV 450,211 450,211
    Commonfund Capital Co-Investment Opportunities 2015, L.P. FMV 483,898 483,898
    Commonfund Capital Global Private Equity Partners 2014, L.P. FMV 1,231,384 1,231,384
    Commonfund Capital Secondary Partners 2015, L.P. FMV 312,930 312,930
    Commonfund Capital Secondary Partners II, L.P. FMV 579,467 579,467
    Commonfund Institutional Core Equity Fund LLC FMV 7,820,156 7,820,156
    Commonfund Multi-Strategy Bond Investors LLC FMV 1,335,106 1,335,106
    DFJ Mercury II, L.P. FMV 539,121 539,121
    DFJ Mercury Venture Partners, L.P. FMV 150,347 150,347
    Goldman Sachs Vintage Fund III Offshore L.P. FMV 6,529 6,529
    KKR 2006 Fund Private Investors Offshore, L.P. FMV 83,524 83,524
    KKR European Fund II Private Investors Offshore (USD), L.P. FMV 3,814 3,814
    McAlister Opportunity Fund 2012 LP FMV 134,549 134,549
    Merritt Capital Offshore Ltd FMV 1,032,084 1,032,084
    Mezzanine Private Investors Offshore I, L.P. FMV 58,877 58,877
    Mezzanine Private Investors Offshore III, L.P. FMV 408,998 408,998
    Platform Partners Capital LLC FMV 456,993 456,993
    QID TelMax LLC FMV 146,371 146,371
    RRG SSP Holdings II LLC FMV 38,692 38,692
    RRG SSP Holdings LLC FMV 250,000 250,000
    RRG SSP Loan Co LLC FMV 38,692 38,692
    SOF X Private Investors Offshore 1, L.P. FMV 119,481 119,481
    Taconic Offshore Fund 1.5 Ltd. FMV 2,293,286 2,293,286
    U.S. Real Estate Income & Growth Finance Corp. (Cayman) FMV 374,290 374,290

    TY 2021 LegalFeesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Royalty interest matter 1,200 1,200   0


    TY 2021 OtherExpensesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bad debt expense 116,665 0   116,665
    Insurance 3,918 1,213   2,684
    Investment fees 529 529   0
    K-1 expenses 84,143 80,165   0
    Office expenses 24,681 7,644   16,906
    Oil & gas expenses 25,293 25,293   0


    TY 2021 OtherIncomeSchedule2
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign dividends 731,418 731,418 731,418
    Oil and gas royalties 285,239 285,239 285,239
    Passthrough K-1 income 171,255 128,638 171,255


    TY 2021 OtherIncreasesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Description Amount
    Unrealized appreciation in value of investments 3,715,863


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 88,191 86,710   0


    TY 2021 TaxesSchedule
    Name:
    Scurlock Foundation
    EIN:
    74-1488953
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 39,883 0   0
    Foreign tax 1,456 1,456   0
    Property tax 8,444 8,444   0
    Severance tax 7,057 7,057   0